Hitachi (OTCMKTS:HTHIY) Share Price Passes Above Fifty Day Moving Average - Time to Sell?

Key Points

• Hitachi Ltd. shares recently crossed above their 50-day moving average of $28.69, reaching a trading high of $29.80 before closing at $29.50.
• The company reported a net margin of 6.45% and a return on equity of 10.83% for the last quarter, with earnings per share hitting consensus estimates at $0.29.
• Hitachi has a market cap of $135.12 billion and forecasts an earnings per share of 0.47 for the current fiscal year.

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $28.69 and traded as high as $29.80. Hitachi shares last traded at $29.50, with a volume of 141,909 shares trading hands.

Hitachi Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.12. The company has a 50 day moving average price of $28.75 and a 200 day moving average price of $29.40. The company has a market capitalization of $133.29 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.33 and a beta of 0.85.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last issued its earnings results on Thursday, July 31st. The conglomerate reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $15.16 billion during the quarter, compared to the consensus estimate of $2,342.55 billion. Hitachi had a return on equity of 10.83% and a net margin of 6.45%. Equities research analysts predict that Hitachi Ltd. will post 0.47 earnings per share for the current fiscal year.

About Hitachi

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.